SheenaMichael Dillon
Newbie MLS Wholesale Question
Hi there, we have an offer in on an MLS wholesale deal. We have put 1% Earnest Money to our Title Company in escrow. The contract is for sale currently and we're 6 days out from our option period. Question is, do I ge...
Dave House
South Florida Short Sale
A friend of mine is in a difficult situation. He's "way underwater" and in danger of losing his home to foreclosure. BofA has a first and is in the process of foreclosing but there's a private lender who has a secon...
Roger R.
Buyer defaults on a time is of the essence contract.
I was scheduled to close on the sale of my NYC property on March 31st. One day before the close date the buyer called me up and said he wouldn't be closing. He gave invalid reasons why he couldn't close (Title compa...
Cecil Russell
2 bedrm house in Tx. motivated seller giving 70% Equity in sale.
I am looking for financial backing of $16,000 to purchase a decent 2 bedroom house valued at $45,000. The 16,000 covers sale, closing cost, independent secretary, mileage, holding costs. House is to be put on market a...
Art Maydan
First Time House Hacker - Buy A Short Sale?
https://www.redfin.com/IL/Chicago/10400-S-Claremon...Would you recommend buying a short sale with FHA to house hack as a first time buyer? This property looks like a good deal. I showed a broker, and he says:"Remember...
J Chouinard
1031 exchange how much do I have to reinvest to avoid being taxed
Just sold some commercial properties and we are doing 1031 exchange. My intermediary told me that we need to purchase properties valuing the total of the ones sold. I was doing some research and I am seeing conflictin...
Mary Chen
Expenses that can be used in a 1031
The property we have has some repair work that needs to be done before we are selling it out as a 1031. What kind of expenses can be claimed back from the sale proceeds? (Eg Travelling cost, cost to repair (labor, ma...
Minna Reid
Commission on a lease option
If I sell a house via a lease option, how do I split up realtor commissions? As in lets say its a 5% commission. What comes out up front, and what comes out should the deal close two years from now?
Timothy Lewman
Massachusetts May Housing Single Family Housing Stats
Turning a corner with more inventory, more sales, still higher prices reflecting strong demand.Median Price: $660,000, +7.06% Yoy.Closed Sales: 3,615, +8.92% Yoy.12 month Closed Sales: 38,005, -13.85% Yoy.YTD Close...
Mir Mubashir Mahmood
Double closing in Illinois?
Hey guys, I had a few questions I wanted to ask and the first one is if anyone has had problems in IL using double closing/back-to-back closing/simultaneous closing (whatever you want to call it) where there are two s...